Keel Infrastructure (KEEL) EBITDA (2020 - 2026)
Keel Infrastructure's (KEEL) quarterly EBITDA came in at -$140.8 million in Q2 2026, down 1126.05% year-over-year from $13.7 million in Q2 2025, and down 43.08% quarter-over-quarter from -$98.4 million in Q1 2026.
Analysis
Keel Infrastructure (KEEL) EBITDA (2020 - 2026) Analysis & Trends
Keel Infrastructure (KEEL) has reported EBITDA for 7 consecutive years, with -$140.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA fell 1126.05% year-over-year to -$140.8 million in Q2 2026; TTM through Jun 2026 was -$310.7 million, a 845.07% decrease from a year earlier, with the FY2025 full-year figure at -$149.6 million, down 373.69% from the prior year.
- EBITDA was -$140.8 million for Q2 2026 at Keel Infrastructure, down from -$98.4 million in the prior quarter.
- Over five years, EBITDA peaked at $23.3 million in Q1 2024 and troughed at -$140.8 million in Q2 2026.
- A 5-year average of -$8.9 million and a median of $10.3 million in 2022 frame the typical range for EBITDA.
- Across the five-year window, EBITDA jumped 790.04% in 2025 and sank 1126.05% in 2026, its largest moves.
- Over 5 years, EBITDA stood at $2.0 million in 2022, then jumped by 724.02% to $16.3 million in 2023, then retreated by 12.35% to $14.3 million in 2024, then slumped by 736.3% to -$91.1 million in 2025, then tumbled by 54.55% to -$140.8 million in 2026.
- The last three EBITDA figures came in at -$140.8 million (Q2 2026), -$98.4 million (Q1 2026), and -$91.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | -620.38 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -206.33 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -142.83 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -352.07 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | -132.55 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 31.11 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -140.77 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 5.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -140.77 Mn |
| Mar 31, 2026 | -98.39 Mn |
| Dec 31, 2025 | -91.09 Mn |
| Sep 30, 2025 | 19.56 Mn |
| Jun 30, 2025 | 13.72 Mn |
| Dec 31, 2024 | 14.32 Mn |
| Sep 30, 2024 | 2.20 Mn |
| Jun 30, 2024 | 11.47 Mn |
| Mar 31, 2024 | 23.32 Mn |
| Dec 31, 2023 | 16.33 Mn |
| Sep 30, 2023 | 8.88 Mn |
| Jun 30, 2023 | 9.97 Mn |
| Mar 31, 2023 | 6.36 Mn |
| Dec 31, 2022 | 1.98 Mn |
| Sep 30, 2022 | 10.33 Mn |
| Jun 30, 2022 | 19.70 Mn |
| Mar 31, 2022 | 21.44 Mn |
| Dec 31, 2021 | 40.28 Mn |
| Sep 30, 2021 | 29.76 Mn |
| Jun 30, 2021 | 23.78 Mn |